RAMRO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RAMRO
Largest movements
- Tangible fixed assets -€4,592
down €4,592 (-66.2%), from €6,934 to €2,342
of which Plant, machinery and equipment: -€4,220
- Receivables within one year +€4,040
up €4,040 (+99.6%), from €4,056 to €8,096
of which Other amounts receivable: +€4,333
- Stocks and contracts -€973
down €973 (-33.6%), from €2,893 to €1,920
- Cash -€915
down €915 (-72.9%), from €1,255 to €340
mainly Net result for the year (-€31,551) and Receivables within one year (-€4,040)
- Profit (loss) carried forward -€31,551
down €31,551 (-34.5%), from -€91,549 to -€123,100
- Other debts +€29,502
up €29,502 (+39.4%), from €74,969 to €104,471
- Short-term financial debts +€2,076
up €2,076 (+2696.1%), from €77 to €2,153
- Trade debts -€2,066
down €2,066 (-17.3%), from €11,908 to €9,842
- Tax, wage and social debts -€1,053
down €1,053 (-92.9%), from €1,133 to €80
of which Remuneration and social security: -€1,133
- Gross operating margin -€34,792
down €34,792 (-64.9%), from €53,598 to €18,806
- Staff costs -€20,052
down €20,052 (-31.7%), from €63,230 to €43,178
- Financial charges +€864
up €864 (+65.3%), from €1,323 to €2,187
- Depreciation -€725
down €725 (-13.6%), from €5,317 to €4,592
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,138 | €12,698 | -€2,440 | -16.1% |
| Fixed assets | 21/28 | €6,934 | €2,342 | -€4,592 | -66.2% |
| Tangible fixed assets | 22/27 | €6,934 | €2,342 | -€4,592 | -66.2% |
| Plant, machinery and equipment | 23 | €6,407 | €2,187 | -€4,220 | -65.9% |
| Furniture and vehicles | 24 | €527 | €155 | -€372 | -70.6% |
| Current assets | 29/58 | €8,204 | €10,356 | +€2,152 | +26.2% |
| Stocks and contracts in progress | 3 | €2,893 | €1,920 | -€973 | -33.6% |
| Stocks | 30/36 | €2,893 | €1,920 | -€973 | -33.6% |
| Amounts receivable within one year | 40/41 | €4,056 | €8,096 | +€4,040 | +99.6% |
| Trade receivables | 40 | €497 | €204 | -€293 | -59.0% |
| Other amounts receivable | 41 | €3,559 | €7,892 | +€4,333 | +121.7% |
| Cash at bank and in hand | 54/58 | €1,255 | €340 | -€915 | -72.9% |
| Total equity and liabilities | 10/49 | €15,138 | €12,698 | -€2,440 | -16.1% |
| Equity | 10/15 | -€72,949 | -€104,500 | -€31,551 | -43.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,549 | -€123,100 | -€31,551 | -34.5% |
| Amounts payable | 17/49 | €88,087 | €117,198 | +€29,111 | +33.0% |
| Amounts payable within one year | 42/48 | €88,087 | €116,546 | +€28,459 | +32.3% |
| Financial debts | 43 | €77 | €2,153 | +€2,076 | +2696.1% |
| Credit institutions | 430/8 | €77 | €2,153 | +€2,076 | +2696.1% |
| Trade debts | 44 | €11,908 | €9,842 | -€2,066 | -17.3% |
| Suppliers | 440/4 | €11,908 | €9,842 | -€2,066 | -17.3% |
| Taxes, remuneration and social security | 45 | €1,133 | €80 | -€1,053 | -92.9% |
| Taxes | 450/3 | - | €80 | +€80 | |
| Remuneration and social security | 454/9 | €1,133 | - | -€1,133 | |
| Other amounts payable | 47/48 | €74,969 | €104,471 | +€29,502 | +39.4% |
| Accrued charges and deferred income | 492/3 | - | €652 | +€652 | |
| Remuneration, social security and pensions | 62 | €63,230 | €43,178 | -€20,052 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,317 | €4,592 | -€725 | -13.6% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €53,598 | €18,806 | -€34,792 | -64.9% |
| Operating profit (loss) | 9901 | -€15,336 | -€29,364 | -€14,028 | -91.5% |
| Financial charges | 65/66B | €1,323 | €2,187 | +€864 | +65.3% |
| Recurring financial charges | 65 | €1,323 | €2,187 | +€864 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,659 | -€31,551 | -€14,892 | -89.4% |
| Profit (loss) for the period | 9904 | -€16,659 | -€31,551 | -€14,892 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,659 | -€31,551 | -€14,892 | -89.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.